Buy ABB India, target Rs 1384: Dharmesh Shah

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Updated: Nov 06, 2018, 08.45 AM IST

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Dharmesh Shah of ICICI Direct has a buy call on ABB India Ltd. with a target price of Rs 1384.0 . The current market price of ABB India Ltd. is Rs 1310.8 Time period given by the analyst is Intra Day when ABB India Ltd. price can reach defined target. Dharmesh Shah recommended to keep stoploss at Rs 1262 . ABB India Ltd., incorporated in 1949, is a largecap company with a market cap of Rs 27776.95 crore.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 2489.61 Crore, down -7.13 % from last quarter Sales of Rs 2680.64 Crore and up 32.14 % from last year same quarter Sales of Rs 1884.08 Crore Company has reported net profit after tax of Rs 108.34 Crore in latest quarter. The company’s top management includes Mr.Darius E Udwadia, Mr.Jean Christophe Deslarzes, Mr.Nasser Munjee, Mr.Sanjeev Sharma, Mr.Tarak Mehta, Mrs.Renu Sud Karnad. Company has BSR & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 211,908,375 shares outstanding.

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